U.S.Treasury Bills

question 17

Multiple Choice

U.S.Treasury bills:

• A)are subject to the same risks as short-term tax exempts.
• B)all have initial maturities of 90 days or less.
• C)are issued for time periods as short as one week.
• D)must be held to maturity and not resold.
• E)are sold at weekly auctions.

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Definitions:

Decentralized Units

Units or divisions of a larger organization that operate semi-independently, often with their own decision-making powers.

Investment Center

A part of a company treated as a separate business, responsible for its profit and investment decisions.

Profit Center

A segment or area of a business that is directly responsible for generating profit through its operations and is assessed based on its profitability.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue, calculated as sales divided by average assets.